| CONTENTS | PAGE | PAGE | |||||
|---|---|---|---|---|---|---|---|
| Executive | Committee | and | Trustees | annual | report | 1 | — 2 |
| Auditor's | report | 3 | — 5 | ||||
| Statement | of financial | activites | |||||
| Balance sheet | |||||||
| Notes to | the financial | statements | 8 | — 14 | |||
| Cash Flow |
15 -16 |
| SRI GURU SINGH SABHA HOUNSLOW |
||||
|---|---|---|---|---|
| CHARITY REGISTRATION NUMBER 283314 |
||||
| STATEMENT | OF | THE | EXECUTIVE COMMITTEE(THE TRUSTEES) |
RESPONSIBILITIES |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| NOTES | NOTES | |||||
|---|---|---|---|---|---|---|
| TOTAL | TOTAL | |||||
| RESTRICTED UNRESTRITED | ||||||
| FUNDS | 2023 | 2022 | ||||
| INCOME AND EXPENDITURE |
||||||
| INCOMING RESOURCES |
||||||
| Golak and donations Gift Aid refund Investment income |
895,796 24, 044 846 |
895, 24, |
796 044 846 |
785,715 118,594 15 |
||
| Grant West Thames College Insurance claim Rental income Covid relief |
10,000 72,300 |
10, 72, |
000 300 |
2,010 15,275 48,896 |
||
| Furlough wages grant |
14,507 | |||||
| TOTAL INCOMING RESOURCES |
1,002,986 | 1,002, | 986 | 985,012 | ||
| RESOURCES EXPENDED |
||||||
| Direct expenditure Fundraising and publicity Management and administration of the charity |
3 3 3 |
580,883 6,062 152,001 |
580, 6, 152, |
883 062 001 |
453,031 8,207 173,511 |
|
| TOTAL RESOURCES EXPENDED |
738,946 | 738' | 946634749 | |||
| NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR |
264, 040 | 264, | 040 | 350,263 | ||
| Balance brought forward 1 April 2022 |
at | 6, 395, | 166 | 6,044, 901 | ||
| BALANCE CARRIED FORWARD |
AT | |||||
| 31 MARCH 2023 |
6,659, | 206 | 6,395, 164 | |||
| All of the above results and losses recognised in |
are the |
derived year are |
from continuing included above. |
activities. | All gains |
| SRI | GURU | GURU | SINGH | SABHA | SABHA | HOUNSLOW | HOUNSLOW | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHARITY | REGISTRATION | NUMBER | 283314 | |||||||||
| BALANCE | SHEET | |||||||||||
| AS | AT 31ST | MARCH | 2023 | |||||||||
| 2023 | 2022 | |||||||||||
| NOTES | ||||||||||||
| FIXED ASSETS Tangible fixed assets |
8 | 6,792,322 | 6,865,055 | |||||||||
| CURRENT ASSETS Debtors and prepayments9 Cash at bank |
29, 537, |
850 563 |
37,810 347,946 |
|||||||||
| 567, | 413 | 385,756 | ||||||||||
| LIABILITIES: | ||||||||||||
| Amounts falling within one year |
due | 10 | 282, | 842 | 254,457 | |||||||
| NET CURRENT ASSETS |
284,571 | 131,299 | ||||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
7, | 076, 893 | 6,996, 354 | |||||||||
| CREDITORS Amounts falling than one year |
due after 11 |
more | 417,687 | 601,190 | ||||||||
| NET ASSETS | 6, | 659, 206 | 6, 395, 164 | |||||||||
| FUNDS Unrestricted funds |
12. | 6, | 659, 206 | 6,395, 164 | ||||||||
| Restricted funds |
||||||||||||
| 6, | 659, 206 | 6,395, 164 |
| 31ST MARCH |
2023 | |||
|---|---|---|---|---|
| DONATIONS | AND | GIFTS | ||
| 2023 | 2022 | |||
| 6 | ||||
| Donations Gift Aid Grant received |
895,796 24, 044 10,000 |
764,715 118,594 2,010 |
||
| 929,840 | 885,319 |
| RESOURCES EXPENDED |
||||
|---|---|---|---|---|
| RESTRICTED | UNRESTR1CTED | TOTAL | TOTAL | |
| FUNDS | FUNDS | 2023 | 2022 | |
| 6 | 6 | |||
| Direct charitable e enditure |
||||
| Educational expenses Ration Donations and siropa Water rates and council Cleaning expenses Insurance Light and heat Repairs and maintenance Equipment purchase Subscriptions General expenses Transport and travelling Wages Religious expenses |
tax | 10,325 124,283 17,037 47,219 35,727 10,221 57,746 69,030 1,067 3,675 144,461 60,092 |
10,325 124,283 17,037 47,219 35,727 10,221 57,746 69,030 1,067 3,675 144,461 60,092 |
5,838 55,636 18,415 5,780 14,402 7,825 48,095 108,450 343 925 550 156,095 30,677 |
| 1,067 | 580,883 | 580,883 | 453,031 |
| 31 Fundraisin and ublicit |
ST MARCH 20 |
23 | ||
|---|---|---|---|---|
| Advertising | 6,062 | 6,062 | 8,207 | |
| 6,062 | 6,062 | 8,207 | ||
| Mana ement and Administration ~tt Ct 't Postage Professional fees Printing and stationery Telephone Bank charges and overdraft Motor expenses Depreciation charge Financial services Loan interest |
of interest |
3,862 16,027 4,988 1,623 3,497 200 72 733 4,132 44,939 |
3,862 16,027 4,988 1,623 3,497 200 72.733 4,132 44,939 |
3,207 20,753 2,555 1,723 2, 822 591 73,574 3,515 64,771 |
| 152,001 | 152,001 | 173,511 |
| OTHER OPERATING |
INCOME |
|---|---|
| Insurance Claim Covid relief |
|
| Rent receivable | |
| Furloughed wages |
grant |
| 11 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SRI | GURU SINGH |
SABHA | HOUNSLOW | |||||||||||
| CHARITY | REGISTRATION | NUMBER | 283314 | |||||||||||
| NOTES | TO THE | ACCOUNTS | FQR | THE | YEAR | ENDED | ||||||||
| 31ST MARCH | 2023 | |||||||||||||
| EMPLOYEE | INFORMATION | 2023 | 2022 | |||||||||||
| 5.1 | Staff | costs: | ||||||||||||
| Wages | and | salaries | 144,461 | 156,095 | ||||||||||
| 144 I461 | 156,095 | |||||||||||||
| 5.2 | The average weekly number of employees year was made up as follows: |
during | the | No. | ||||||||||
| Employees |
| 6. | INTEREST | RECEIVABLE | 2023 | 2023 | 2022 | ||
|---|---|---|---|---|---|---|---|
| Bank interest received |
846 | 15 | |||||
| Other interest | |||||||
| 846 | 15 | ||||||
| 7. | INTEREST | PAYABLE | 2023 | 2022 | |||
| 5 | |||||||
| On bank Finance |
loans service |
44, 4, |
939 132 |
64,771 3,515 |
|||
| F | 49, | 071 | 5 | 68,286 |
| TANGIBLE FIXED ASS |
ETS | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Freehold | Fixtures | ||||||||
| Land and ~t' 1d' |
and ~f'tt ' |
Library Books |
Motor Vehicle |
Total | |||||
| f | |||||||||
| Cost: | |||||||||
| At 1st April 2022 At 31st March 2023 |
& 7,273, |
393 | 424, | 524 | 5, | 607 | 3,000 7, | 706,524 | |
| Depreciation: At 1st April 2022 Charge for year |
413,099 721733 |
420, | 523 | 5, | 046 | 2,800 | 841,468 72 733 |
||
| At 31st March 2023 |
485, | 832 | 420, | 523 | 5, | 046 | 2,800 | 914,201 | |
| Net book value at |
|||||||||
| 31st March 2023 |
6,787, | 561 | 4, | 001 | 561 | 200 6, | 792,323 | ||
| Net book value at |
|||||||||
| 31st March 2022 |
6,860, | 294 | 4, | 001 | 561 | 200 6, | 865,056 | ||
| Barclays Bank Plc 231 Hanworth Road |
has TW3 |
a first charge 3UA, 27 Hibernia |
on 235 Hanworth Road TW3 3RU, |
Road TW3 233 Hanworth |
3UA, Road |
||||
| TW3 3UA, 2a Parkside |
Road | TW3 | 2BP. |
| DEBTORS | 2023 | 2022 |
|---|---|---|
| Debtors Prepayments |
24, 044 5,806 |
31,387 6,423 |
| 29,850 | 37,810 |
| 13 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SRI GURU SINGH |
SABHA | HOUNSLOW | ||||||||||
| CHARITY REGISTRATION |
NUMBER | 283314 | ||||||||||
| NOTES TO THE ACCOUNTS |
FOR | THE | YEAR | ENDED | ||||||||
| 31ST MARCH | 2023 | |||||||||||
| 10. | CREDITORS | — AMOUNTS FALLING DUE |
2023 | 2022 | ||||||||
| WITHIN ONE |
YEAR | |||||||||||
| Bank loans and Trade creditors Other taxes and Other creditors |
overdraft (see note 11.1) social security costs |
228, 092 47, 057 2,694 |
227, 622 9,626 2,179 10,030 |
|||||||||
| Accruals | 5,000 | 5,000 | ||||||||||
| 282, 843 | 254,457 | |||||||||||
| 11. | CREDITORS | — AMOUNTS FALLING DUE |
2023 | 2022 | ||||||||
| AFTER MORE |
THAN | ONE YEAR |
5 | |||||||||
| Bank loans | (see note 11.1) | 417,687 | 601,190 | |||||||||
| 417,687 | 601,190 |
| OPERATING ACTIVITIES FOR THE Y 31ST MARCH 2023 |
EAR ENDED |
|
|---|---|---|
| 2023 | 2022 | |
| Net income/ (expenditure) (as per the statement of financial activities) |
264, 040 | 350,263 |
| Adjustments for: |
||
| Depreciations charge Interest, rent, covid relief Insurance claim (Increase)/decrease in debtors Increase/(decrease) in creditors |
72 733 (73,146) (7,960) 28,385 |
73,574 (84,418) (15,275) (5,303) 11,968 |
| Net cash provided by (used in) operating activitives |
384,022 | 341,415 |
| A | NALYS | IS O |
F C |
ASH AT BANK AND I |
N HAND LESS OVER |
DRAFTS | |||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| f | |||||||||
| Cash | at | bank | and | in | hand | 537, | 563 | 347, | 946 |
| 537, | 563 | 347, | 946 |
| SRI GURU SINGH |
SRI GURU SINGH |
SRI GURU SINGH |
SABHA | SABHA | HOUNSLOW | HOUNSLOW | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| CHARITY | REGISTRATION | NUMBER 283314 | 16 | |||||||
| CASH FLOW |
STATEMENT | FOR | THE | YEAR | ENDED | |||||
| 31ST MARCH | 2023 | |||||||||
| 2023 | 2022 | |||||||||
| 5 | ||||||||||
| Cash generated from operating |
activites: | |||||||||
| Net cash operating |
provided by(used in) activities — page 15 |
384,022 | 3411415 | |||||||
| Cash flows | from other sources |
|||||||||
| Interest, Insurance |
rents, covid claim |
relief, | 73,146 | 84,418 15,275 |
||||||
| 457,168 | 441,108 | |||||||||
| Application | of cash: | |||||||||
| Purchase Repayment |
of fixed asset of borrowing |
183,503 | 301,568 162,865 |
|||||||
| (273,665) | (464,433) | |||||||||
| Net increase/(decrease) | in cash | 189,617 | (23,325) | |||||||
| Cash at bank and in hand less at the begining of the year — |
overdrafts page 15 |
347,946 | 371.271 | |||||||
| 537,563 | 347,946 |